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The nation's greatest neighborhoods in which to nab a picturesque Painted Lady

Broadway-Armory District, Providence, Rhode Island

The NeighborhoodThis evolving area on the west side of the city, listed on the National Register of Historic Places, has about 1,000 buildings, mainly dating to the 19th century. The neighborhood is anchored by the 1907 Cranston Street Armory and an adjacent park. Add a lively mix of long-term and first-time homeowners, stores, restaurants, bars, and even a dog park, plus proximity to Brown University and the Rhode Island School of Design, and you have the "hippest, coolest neighborhood in Providence," according to Kari Nel Lang, director of the West Broadway Neighborhood Association.

The HousesHouses are primarily of the Victorian era, including Queen Annes, Italianates, Second Empires, and a smattering of Greek Revivals. Some have been restored, though there are plenty in need of TLC.

The PricesForeclosed Victorians often sell for less than $100,000, while historic houses in good shape range from $200,000 to $1 million.

Why Buy Now?Along with reasonable prices, there's help for home buyers. The Providence Revolving Fund offers loans to purchasers, and there's also assistance available from the city and the state, which offers tax credits for certain types of restoration work.